Hubtown names Vijayalakshmi Jayaraman Iyer as deputy CHRO

Mumbai-based developer Hubtown Limited has appointed Vijayalakshmi Jayaraman Iyer as Deputy Chief Human Resources Officer (DCHRO). The appointment was reported from 28 October 2026. The role is a senior HR post at the company's head office in Mumbai, which the company has said is its primary market.

Her career and the new role

Ms Iyer began her HR career at BIFM in July 2005 as a senior executive, human resources, and was promoted to assistant manager, HRD, in July 2006. She later spent more than 11 years at Nirmal Lifestyle. She became Chief Human Resources Officer (CHRO) in December 2022, and a trade listing says she held that post for over three years before moving to Hubtown. Other earlier HR roles were at Indiabulls Real Estate Company Private Limited and Labnics Equipment.

Sources differ on how long she has worked in HR. One listing describes more than 20 years of HR experience. Another gives 19 years. Her most recent employer is also described differently across listings. One profile names Nirmal Lifestyle as her latest role, and another names her CHRO role as the most recent before Hubtown.

According to the company's stated scope for the role, she will support its people agenda. This covers talent strategy, organisational effectiveness, employee engagement and culture. The company said this as it continues to expand its development pipeline. No direct quote from Hubtown management on the appointment has been published in the sources reviewed, and the reporting line for the role has not been disclosed.

About Hubtown

Hubtown Limited, formerly known as Ackruti City Limited, is listed on both the BSE and the NSE. The company describes itself as a developer with more than 40 years of experience. It says it has completed over 15 million square feet of residential, office, IT park and SEZ projects, mainly in Mumbai.

Project counts from two third-party aggregators differ. One lists 37 residential and commercial projects, 31 of them in Mumbai. The other lists 33 Mumbai projects, with 26 delivered and 7 under construction or newly launched. A third-party financial profile, which is not an audited filing, reports 2025 revenue of ₹387.19 crore and a net worth of ₹2,641.28 crore.

The company has been building its senior team in recent months. It named Anuj Nath Galgotia as its Chief Human Resources Officer, a post he takes after serving as group CHRO at DB Realty from September 2024. In May 2026, a trade report said Sunil Mago had been appointed Chief Financial Officer. The company's FY2025 disclosure lists Hemant M Shah as Executive Chairman and Vyomesh M Shah as Managing Director.

On projects, a company associate has received Mumbai RERA approval for all four towers of 25 Downtown in Mahalaxmi, which completes the project's registration. The approval date has not been stated in the sources reviewed.

What to watch

For buyers, the appointment does not change any project timelines, prices or approvals. The more useful signals will be in the company's stock exchange filings, which record changes in senior management and any new RERA registrations for its Mumbai projects. Those filings will show whether the HR build-out is tied to a larger launch plan.